INTANGIBLE ASSETS IN THE POSTINDUSTRIAL ECONOMY: MYTHS AND REALITY

R Romaniv,S Romaniv,М Shesternyak

doi:10.18371/fcaptp.v3i38.237441

Abstract

Abstract. The purpose of the article is to determine the role and the place of the intangible assets in the postindustrial economy. The points of view of different scientists about the formation and development of the postindustrial economy from the position of globalization have been checked and the main unsolved controversies, which are observed in the process of its development, have been analyzed. The faultiness of some theses, from the position of the critical analysis, about the influence of some intangible assets on the macro and micro-indicators of the postindustrial society in general and the separate enterprises, in particular, has been proved. Based on the statistic data of the countries’ economies of the Organization of Economic Cooperation and Development (OECD) the thesis about fast effectiveness and financial feedback from the implementation of the intangible assets has been simplified. The complexity of the dimension of the financial feedback of the intangible assets is in that the results of their implementation into the production process in many cases has intangible character, which is not connected with the creation of the final product of consumption (creation of the organization capital, human capital, etc). R. Sollow’s paradox hypothesis as to information technologies has been proposed to be broadened by the on other types of intangible assets. The accountant legislature of different countries has been analyzed and it has been determined that the number in investments in the performance of the research and development (R&D) might influence the amount of the intangible assets in different ways. The results of the leading world corporations’ assets analysis, working in different areas, have been presented in the article. For this purpose, the structure of their balances for 2018 has been analyzed and it has been determined that intangible assets do not occupy the dominant part in the overall general assets. Keywords: intangible assets, postindustrial economy, R&D, productivity, asset structure in the balance sheet. JEL Classification M41, O33, O34 Formulas 0; fig.: 1; tabl.: 3; bibl.: 18.

Highlights

Nowadays the theory of the postindustrial society and the economy is one of the dominant among the social, philosophic and economic concepts, wherein their basis there is an idea of rethinking the technological role of progress in the transformation of modern society.The theorists of the postindustrial society consider the substitution of the mechanic interaction by the electronic technologies to be the peculiarity of the modern science-technical progress
Postindustrial economy is observed as a reality which has already come and things which had been predicted by the developers of the abovementioned theory completely came into being in the world developed countries back in the middle of the XX century
The author pays little attention to the postindustrialism controversies, besides the role and the place of the intangible assets that have not been observed in the economy of the enterprises

Summary

Introduction

Nowadays the theory of the postindustrial society and the economy is one of the dominant among the social, philosophic and economic concepts, wherein their basis there is an idea of rethinking the technological role of progress in the transformation of modern society. The growth of intangible assets leads to the fact that in the post-industrial economy, the number of employees in the service sector exceeds the number of employees in the sphere of production. According to the theory of post-industrial society, an increase in the share of employment services was made possible by technological advances that allowed the release of labor resources from material production. This is an objective process as the roboticization and automation of industrial production made it possible to reduce a significant number of workers. Let us analyze the balance sheets of several global companies for the 2018 year in the production sphere (Table 2)

Result

Conclusions

18. Ȼɚɥɚɧɫɨɜɵɣ ɨɬɱɟɬ

Findings

18. Balansovyj otchet